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A COVID-19-inflicted dip in the output of the resources sector has shown to be sharp but relatively short-lived, according to the Resources and Energy Quarterly September report.

This is attributed to a sharp economic rebound of Australia’s major customer, China, after an almost-complete eradication of COVID-19 in the country.

The quarterly report forecasts resource and energy exports to reach $256 billion in 2020-21, before falling to $252 billion in 2021-22 due to the ongoing impact of COVID-19.

Resource commodities exports projected for growth

A COVID-19-inflicted dip in the output of the resources sector has shown to be sharp but relatively short, according to the Resources and Energy Quarterly September report.

Read more from the source: Australian Mining, Published by: Vanessa Zhou